Barclays PLC Reiterates “Equal Weight” Rating for Ocado Group PLC (OCDO)
Ocado Group PLC (LON:OCDO)‘s stock had its “equal weight” rating restated by Barclays PLC in a report issued on Thursday, StockTargetPrices.com reports. They currently have a GBX 265 ($3.53) price target on the stock. Barclays PLC’s target price suggests a potential downside of 3.46% from the company’s current price.
Other analysts have also recently issued reports about the stock. Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 400 ($5.33) price target on shares of Ocado Group PLC in a research report on Tuesday, June 28th. Goldman Sachs Group Inc. reaffirmed a “conviction-buy” rating and set a GBX 690 ($9.19) price target on shares of Ocado Group PLC in a research report on Friday, June 17th. Deutsche Bank AG decreased their price target on shares of Ocado Group PLC from GBX 280 ($3.73) to GBX 220 ($2.93) and set a “hold” rating for the company in a research report on Thursday, June 30th. Jefferies Group reaffirmed a “hold” rating and set a GBX 265 ($3.53) price target on shares of Ocado Group PLC in a research report on Tuesday, May 24th. Finally, Shore Capital upgraded shares of Ocado Group PLC to a “hold” rating in a report on Tuesday, August 9th. Three research analysts have rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of GBX 327.92 ($4.37).
Ocado Group PLC (LON:OCDO) opened at 274.2011 on Thursday. The firm’s 50 day moving average price is GBX 289.99 and its 200 day moving average price is GBX 278.89. Ocado Group PLC has a one year low of GBX 203.00 and a one year high of GBX 412.70. The stock’s market cap is GBX 1.62 billion.
In related news, insider Tatton-Brown,Duncan bought 100,000 shares of the business’s stock in a transaction dated Friday, July 1st. The shares were acquired at an average price of GBX 227 ($3.02) per share, for a total transaction of £227,000 ($302,344.17).
Ocado Group PLC Company Profile
Ocado Group plc is a United Kingdom-based company engaged in grocery retailing and the development and monetization of intellectual property (IP) and technology used for the online retailing, logistics and distribution of grocery and consumer goods. The Company sells groceries and other every day and specialist products to consumers placing orders through its interfaces.
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